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to become the head of his own brokerage firm. man who has lived in both america's economies says only the wealthy are cashing in on the stock run. can i get the smith contract, please? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ garth ] boris' small business earns 2% cash back on every purchase every day. great businesses deserve unlimited rewards. read back the chicken's testimony, please. "buk, buk, bukka!" [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose 2% cash back or double miles on every purchase every day. told you i'd get half. what's in your wallet? told you i'd get half. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. if your a man with low testosterone, you should
of balance. my goal is how do we grow the economy, but america back to work? >> america doesn't really have a budget right now, it has a continual resolution, which is an extension of an earlier budget. that expires on march 27th. if government goes beyond that without a patch, they could shut down. we're supposed to have an actual budget resolution voted on and in place by april 15th, but we're way behind on that. on may 18th, we're set to hit the debt ceiling. some say that could be the showdown. i want to bring in nancy, with the "new york times." andy, let's start with you. both sides put budgets out. everybody knows that neither of these budgets are going anywhere. what happens next? >> so, essentially, we're going to go through the same sort of continuing resolution process that you have seen over the last couple years. as you pointed out these budgets are political documents. they'll probably both pass their respective houses, but there's almost no way to bridge the gap between them and they're very vague documents. again, these are kind of political postures, then we're going to go
a balanced budget just for the sake of balance. my goal is how do we grow the economy, put people back to work. >> america doesn't really have a budget right now. it has a continuing resolution, which is an extension of an earlier budget. that continuing resolution expires on march 27th. if congress goes beyond that without at least a patch, the government could shut down. by law, we're supposed to have an actual budget resolution voted on and in place by april 15th. but as i said, we are way behind on that. and then on may 18th, we're set to hit the debt ceiling. some say that's going to be the real showdown. annie lowry is the economic policy reporter with "the new york times." nancy cook is the economic and fiscal correspondent for the "national journal." annie, both sides put budgets out. everybody knows neither one is going anywhere. what happens next? >> eventually we'll go through the same sort of continuing resolution process you've seen in the last couple years. the budgets are political documents. they'll probably both pass their respective houses but there's almost no way to
a gloomy new report on the state of retirement savings. >> the recent headlines about the economy as we've talked about have been pretty good but the lingering effect of the great recession is that a lot of americans have had to dip into their savings to get by. and of course that could be a problem in the years to come for many americans. they're supposed to be the golden years. but a new report says retirement like this is way out of reach for most americans who just aren't socking away enough. even with markets near record highs, the confidence workers have in their retirement is low. the employee benefit research institute found that 49% of americans aren't sure they'll be able to retire comfortably and they're not doing much about it. >> it's one of the scariest things is that it is not just that people don't have a lot of retirement savings. it's they don't know what they need. they don't know what they don't have. so, you know, what you would like to see is more people really sitting down with an adviser doing some hard math. instead, people seem to be crossing their fingers and
to call it, what happens is that uncertainly increases in the economy. uncertainty increases in the economy investment slows down. we all know that. risk capital starts to dry up. riskiest form of risk capital that we have in america is venture capital. what we all do on the west coast or new york, wherever it is. silicone valley is the beating heart of investment and venture capital and start-ups. >> when you say risk capital, it's ventures that sometimes fail and sometimes are astronomic astronomical. >> that's part of the job. talking about single-digit billions per year invested in venture backed companies. but those create hundreds of billions of dollars in wealth and in job creation and in wealth kree yas ya yacreation. >> you're saying -- what's the part that dries it up? the uncertainty, cuts to the research spending? what's the thing that most hurts? >> fastest is uncertainty. confidence is the cheapest form of stimulus. when congress is not acting, when it is acting very poorly, when it is acting to fail almost, what's happening is that all forms of capital, all for
is that uncertainty increases in the city. when uncertainty increases in the economy, investment slows down and we all know that. risk capital starts to dry up. the riskiest fornl is venture capital. what we do on the west coast or new arc or whatever it is, silicon valley is the beating heart. >> when you say risk capital, it is ventures that sometimes fail and sometimes are astronomically successful. >> that's part of the job. we're not talking about a huge amount of money per year. we're talking single-digit millions per year and those billions per year create hundreds of billions of dollars in wealth and in job creation and in wealth creation. so that is the money that dries up first and we're seeing it already in silicon valley. >> you're saying the cuts, what's the part that dries it up, the uncertainty our the can you say to the research spending and what's the this i think that most hurts. >> fastest is uncertainty. confidence is the cheapest form of stimulus. when congress is not acting, when it is acting very poorly, when it is acting, what is happening is the all forms of capital, all forms
is there for your personal economy, helping you readjust your retirement plan along the way. rethink how you're invested. and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices to help you fine-tune your personal economy. call today and we'll make it easy to move that old 401(k) to a fidelity no-fee ira. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. >>> president obama selling a creative way to pay for research into alternative energy sources. he used his weekly address to present a plan to use the money collected from private companies who drill for oil on public lands. >> now, this idea isn't mine. it actually builds off a proposal put forward by a nonpartisan coalition of ceos and retired generals and admirals. let's take their advice and free our families and our businesses from
the past seven weeks. 46 disapprove. numbers worse when it comes to the handling of the economy. 44% back the president. 52% do not. dan lothian joins us from the white house. so the polls certainly can't help the president's cause, especially without republicans. >> it certainly shows there is a lot of frustration out there, a lot of concern for americans when it comes to the president dealing with debt and deficit. we expect republica will shine a big spotlight on that raising some of the same concerns and criticisms and you you heard some of that yesterday from representative paul ryan, the chairman of the house budget committee as he was rolling out his own budget that seeks to balance the budget over the next decade by doing away with a locality of health care reform, by streamlining the federal tax code. but president obama in an interview with abc news, says when it comes to the timeline, it's not what he has in mind. >> my goal is not to chase a balanced budget just for the sake of balance. my goal is how do we grow the economy, put people back to work, and if we do that, we're go
the economy moving and get jobs back and i spent hours this week in a budget committee and will be going back soon and the budget is on the floor next week, and those will continue to be the issues i put my primary focus on. >> what do you say to a gay constituent in ohio who says i am so glad he changed his position, and why didn't he as my representative care about my rights before? >> i would say that i had a change on heart based on a personal experience, and that's certainly true. dick cheney had a similar experience and i talked to him about this, and it was not an issue i gave much thought to, and maybe i should have, and i got into public service because of my concern on the economic and budget issues and that has always been my focus. >> and the very last question i will ask was going to be about dick cheney. did you call him for advice because he had a situation very similar? >> yeah, i spoke to him penally. >> what did he tell you? >> rob, do what is in your heart, you know. i mean, he was -- he was a good person to talk to because he also was surprised by the news, and in that cas
down a financial institution, our electric grid, and cause significant damage and harm to our economy. >> and this was the head of sort of our top spy guy saying this is the number one threat so my guess is he's not talking about criminal activity getting your credit card. he's talking about terrorists, and yet we hear we're maybe two years away from the capability and that's what we were told. >> we're not two years at all. we're having attacks as we speak right now. >> by terrorists? >> by nation states. >> we certainly know that china is, or we believe china to be behind some of this industrial spying but i'm talking about the last thing that he said about, and we know that terrorists are looking to do the kinds of things you talked about, shutting down -- >> different issues there. we know that terrorists, non-nation states are seeking the capability to do cyber attacks. >> right. >> they're probably not there yet. here's the other problem, a non-rational actor, iran, is already at the shores of the united states with cyber attacks, and that's what's so concerning. i think that's
building and strongest economy? now, an economist named andrew lawrence is behind something called the skyscraper index which shows that the construction of very tall buildings is actually a great way to predict the onset of economic changes. so here's how it works. when a skyscraper begins construction, everybody is all excited, ebuhl yent, right, the country is growing. usually too excited and there is a dramatic plunge in the economic outlook of a country. but according to the index, once the skyscraper has finally finished, the economy will be climbing back. one world trade center will be america's tallest tower when it is completed next year. and even though americans' confidence in the economy is bad, our new tallest building seems to indicate things are looking up. hey, you know, i know it's just one tower. and sure, it's a rather thin hope. but if thein be detection holds true, america's economy is going to be in a way better place, a lot sooner than anybody thought. anderson cooper starts now. >> erin, thanks. good evening, everyone. a very big night tonight, including the
into the economy, until they see things change substantially. and what they're talking about in terms of substantial change is the unemployment rate going down to 6.5%. the federal reserve, they have regular meetings, they give regular statements on what they're going to do. today was one of those regular meetings that was scheduled. we were not expecting a change in rates. obviously with rates as low as they are, the only option will to be raise rates and you don't typically raise rates, wolf, unless you're trying to slow an economy down. if you raise rates, it makes it harder, more expensive for people to borrow money. they spend less. they borrow less. we're not at that point right now. so rates are staying exactly where they were, the federal reserve will continue to print and pump $85 billion into the economy. the way they do that, wolf, is they buy bonds back from banks, treasuries and mortgage-backed securities that gives banks more money to lend to businesses, and individuals for their mortgages or for their business expansion, and that puts more money into the economy. they'r
sanctions ever. it's having a significant effect. >> on the economy? >> there is the president of the united states saying it could take a year for iran to develop a nuclear weapon. let's discuss what is going on. that's the first time i heard the president give such a specific timeline, within a year or so iran could have a nuclear weapon. that sounds pretty ominous. >> it does sound ominous. what it shows you is what a difficult diplomatic challenge the president has. because they're negotiating with iran through the six-party talks which are taking place in kazakhstan and there the united states has made some offers that are, you know, trying to help iran move to a kind of win-win place. now he is managing the other dimension of this which is israel. he is trying to convince the israelis that he is serious, that he sees that there is not an infinite amount of time, and he said later in the interview all options are on the table. when i say all options i mean military force and we have substantial capabilities. so he's trying to manage the iranian clock as well as the israeli clock. >> so
the world has changed in the last ten years. the global economy is real. we don't live in a national economy anymore. everything you buy, everything you sell, everything you touch, it's all impacted by things that are happening halfway around the world. the information age is real that's made our lives easier. it's allowed you right now to take pictures with your phones and tweet every word i say for or against me. it's changed the world. and it's made our life easier. it's also changed our economy. you go into a grocery store today and you will find machines doing the jobs that people once used to do. you find a day in many businesses that one person because of automation can do the work five people used to do. it's the work around us that's changed. and this has had an impact on our people. on our hard working people. many have seen jobs wiped out. jobs they've been doing for 20 years disappeared overnight. many of them -- and many of them do things the right way. for example, they pay their mortgages on time. and now when the housing bubble came they were stuck with a bill for bailing out
to produce acompromise. and that would be a good thing for the american economy and a good thing for the american middle class. >> are there any indicators at this juncture that there are some come grounds being found? >> i think you saw with the dinner with the group of senatoring saying they would be willing to consider a balanced approach, consider revenue from tax reform coupled with, you know, a savings generated with entitlement reform and that's essentially the president's position and what he's put forward in his proposal. we'll see. the gap is wide. we saw with the house republican budget proposal presented this week by chairman paul ryan that there are -- there's a huge chasm in terms of at least the president's view and the view of a lot of folks in the country and also in the senate versus the house republican view, which is basically to have all the burden of deficit reduction be bourn by senior citizens, by voucherizing medicare, by families that depend on assistance for education and assistance for helping their elderly parents and nursing homes, basically ask all
are actually focused on jobs and economy, erin. they're not focused on the debt. i think you have that captive sort of republican grass root that is focused on the debt and trimming back federal government. and they've captured the sort of republican party. but the vast majority of americans are more focused on the economy and creating jobs and building stable middle class than they are on cutting the deficit. yeah, the deficit is an issue. it's not the number one issue. >> why, boehner do that? we don't have an immediate debt crisis. you would see that in the market, right? so boehner is say ing the truth. it is against what he's been saying which is the debt is a problem. why did he do that? >> he said we need to address it over the long term. that means taking steps now. but here's the thing, he is actually opening the possibility that republicans move to more favorable ground because right now the problem is that republicans are emphasizing have been emphasizing root canal economics, only fiscal austerity rather than a more positive agenda. by conceding the point that we don't have an imme
states. but where does the american israeli relationship stand? bennett, israel's minister of the economy is here to answer our questions. plus, mayor michael bloomberg called howard shultz ridiculous. he's out front to respond. and the head of colorado's department of corrections answers the door only to be shot down. we take you to the manhunt tonight. let's go "outfront." >>> good evening, everyone. i'm erin burnett. "outfront" tonight with friends like these, well, president obama arrived in israel to day. it was his first trip there as president. everything seemed rosey for a little while between him and benjamin netanyahu. >> and just as we have for these past 6 ayears, the united states is proud to stand with you as your strongest ally and your greatest friend. >> i want to thank you for the investment you have made in our relationship and in strengthening the friendship and alliance between our two countries. >> sounded so perfect. but then -- later in the day things changed. >> iran is a grave threat to israel, a grave threat to the world, a nuclear iran. the united states is com
, knoxville, tennessee, have in common? they have bigger economies than cyprus. it has over a million people. gdp of about 24 billion. but this place is in big trouble right now, because of the issue of debt. what they have is a massive debt. they're spending more than they have, so they're getting a bailout from the eu of about $13 billion. we're going to do this all in dollars, not euro, to keep it all clean here. so, of course, with the bailout comes, as we've seen with other nations, you s as you austerit measures. but the savings tax. essentially, a 6.75% tax on $131,000 and below. you get the picture. if you have $131,000 in the bank right now, and this thing gets approved tomorrow, if that happens, they would come in and take about $9,000 out of your account. even more if you have more. now, the plan is if you do this, you get shares of the bank, and then, jake, when everything gets fixed, theoretically, you get your money back and maybe some more. >> tom, you said cypriots. i said cyprus. >> we'll settle that later. >> thank you so much. >>> also leading money news, how bad are thing
♪to your doctor. (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] how about no more surprises? now you can get all the online trading tools you need without any surprise fees. ♪ it's not rocket science. it's just common sense. from td ameritrade. >>> president obama had a busy day. wasn't just wooing republicans. he met with the sultan of brunei. and during the meeting, the >>> president obama had a busy day. wasn't just wooing republicans. he met with the sultan of brunei. and during the meeting, the president said this. >> tomorrow, he's going to have a day to take his family to new york. we're going to encourage him to do some shopping because we want to continue to strengthen the u.s. economy. >> you thought that was a joke, right? no. 24. that's the number of umbrellas the sultan of brunei purchased during his last visit to new york city. in 2010, on a
the fed is pumping into the economy every month. yesterday's introduction of the new pope igniting a social media frenzy. twitter says 130,000 tweets permitted were posted about the new pope. notable considering it wasn't a prime time event. for a short time every trending topic was pope related and only by 6:30 p.m. eastern mentions of bergoglio on facebook were up by nearly 4 million percent. >> is he on twiter? >> i think he is. >> back up, yeah. >> tweeted last night. >> he did. a lot of people are following that. i think the last time we had a pope -- new pope so it wasn't even twitter. this is a whole new phenomenon for catholics to watch this news. meantime, incredible study this morning. more and more parents are stressed out. a new study from pew research. >> wait a minute. someone put money into a study. that's ridiculous. >> more than half of working moms are stressed and dads are right behind them. >> that sounds low. >> parents take on new roles. more moms are work ought side the home today with moms saying they spent 21 hours per week at a paying job, up eight hours f
not helped him at all in terms of the way people feel he's handled the economy, so this doesn't hurt from their point of view. he can always say i tried, and by the way, the american public wants to see them talking to each other, so it works for them. >> the president is off to israel and jordan, i assume meeting with palestinians at the same time. that's a tough issue. >> it is. and it's also tough as you know, expectations going in. let's face it, nothing has happened, no talks at all in two years. >> in three. >> right. and we are seeing lowered expectations, and seeing that connection we were talking to jim between u.s. assurances that it will keep iran from developing a nuclear weapon, and the president's ability to convince benjamin netanyahu of that are directly tied to how much i think netanyahu will give on settlements and whether he will stop at the west bank. i think it is an interesting trip but i don't think at this point, maybe i am buying into lowered expectations, they're looking for more than here i am, let's makeup for a bad first obama term. >> it is the maiden voyage
capitalism, trade, the renaissance, and the global economy. all because of double entry book keeping. read the book and you'll be convinced. >> american media spilled a lot of ink and told us which countries hate america, which ones ca s tolerate america, andh ones really like us. much less is know about how americans feel about our brothers and sisters abroad when we tedare to think about them. gallup has a new poll that does just that with some surprising results. without further ado, america's most hated nations. number five, the palestinian authority. number four, syria. number three, pakistan. number two, north korea. and the nation americans feel least favorable about, drum roll, please, iran. whom do we love? in fifth place, france. then japan. then germany. well, i guess those last two show americans can really get over the past. great britain gets second place and we don't have the luxury to travel far to find our bus boso buddies. canada is number one. i guess we have entirely gotten over the war of 1812. does anyone remember what it was about? hint, if it had gone the other way,
of his victims. we'll tell you ahead on "360." ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. barrow island has got rare kangaroos. ♪ chevron has been developing energy here for decades. we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >>> welcome back. spring is just hours away in this half of the hemisphere but winter didn't get the memo. this is how new england is welcominging spring. more snow and a lot of it. a late winter storm forced school closures. the upper midwest hit with another blast of winter. south isn't off the hook either. allison kosik has the latest. >> reporter: the calendar says spring but mother nature is playing by her own rules, dumping about a foot of snow in parts of new hampshire on the last day of winter. >> it's kind of fun because then you can shovel and work out. >> reporter: in concord it
the economy going, get jobs back, and i spent hours this week in the budget committee. i'll be going back soon. the budget is on the floor next week. and those will continue to be the issues that i'll put my primary focus on. >> reporter: what do you say to a gay constituent in ohio who says, i'm so glad he changed his position but why did it take him learning that he has a gay son? why didn't he as my representative care about my rights before that? >> well, i would say that, you know, i've had a change of heart based upon a personal experience. that is certainly true. dick cheney i think had a similar experience. i've talked to him, by the way, about this. you know, it wasn't an issue i had given much thought to prior to that. maybe i should have but the reason i got into public service was because of my concern on the economic and budget issues. that's always been my focus. >> reporter: you just walked into the very last question i promise i will ask which was going to be about dick cheney. you said you did talk to him. did you call him for advice because he had a situation very similar? >>
a balanced budget just for the sake of balance. my goal is to how do we grow the economy, put people back to work, and if we do that, we'll bring in more revenue, if we control spending and we got a smart entitlement package, what you have is balance, but it's not balance on the backs of the poor or elderly or students who need student loans or families with disabled kids. not the right way to balance the budget. >> tom price is the republican from georgia. vice chair of the budget committee. nice to see you, sir. they call it a charm offensive. and the national journal quoted a white house who said this. this is a joke, waiting the president's time in hours. i hope are you all in the media happy because we are doing it for you. the white house official is not speaking accurately. do you think it's a waste of time. the charm offensive is actually kind of disjen white houingenuo? >> there has to be trust on both sides. we will welcome the president to the capitol today, we look forward to what he has to say. this has to be more than one step this is the first step in a long process of gett
of that was the contribution that, well, we didn't have secure borders and at a time when the economy is cratering, all of a sudden it became a very dark process, we're eating our own tail. more jobs for immigrants may have meant less jobs for someone else. and the way you lead yourself out of that is, no, no, everyone has something to con tribute. let's get an immigration process that brings people who want to come here, who want to become americans, who want to contribute to this country not take from this country. and that's always been the republican message. fortunately, they allowed a few republican media consultants to stay. i'm happy about that. but our problems are bigger than just hispanics or women or young voters. our problems are that as a party, you're supposed to lead people over the horizon to a better place. and we for got that. we thought our principles were just good for saying no, to be the brake pedal on the car, not to get our hands on the steering wheel. but you're seeing that change. these past couple of weeks, you saw change in the cast of characters in the republican party. it
economy. it's to create faster economic growth, to get jobs. you have to reform government to do that. >> well, on the medicare issue which is maybe the most sensitive issue out there, are you saying there are democrats who support your plan, which democrats describe as creating a voucher for medicare recipients? >> it's not a voucher program. it's called premium support and is an idea that originated from the brooking institutions from democrats to begin with. it is an idea i used to work on with alex ridlin. it's exactly just like the idea i worked with ron wyden the senator from oregon last year on. the point is good people from both political parties can lick this problem in the future and come to a solution and that is what we're proposing. our solution by the way, wolf, doesn't affect benefits of anybody in or near retirement but puts reforms of the program so we can make it solvent for the next generation like mine and our kids. we think it is the best idea for saving and strengthening medicare. we think the medicare board that will be put in place because of obama care is goin
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the invention of finance led to the beginnings of modern capitalism, trade, renaissance and the global economy. all because of double entry bookkeeping. read the book and you'll be convinced. >>> american media spills a lot of ipg on polls that tell us which nations hate america. which ones tolerate america and which ones really like us. but much less is known about how americans feel about our brothers and sisters abroad when we even deign to think about them. gallup has a new poll that does just that, with some surprising results. america's most hated nations. number one, the palestinian authority. number four, syria. number three, pakistan. number two, north korea. and the nation americans feel least favorable about, drum roll, please, iran. so, whom do we love? in fifth place, france. then japan, then germany. well, i guess those last two show that americans can really a get over the past. great britain gets second place and we don't have the luxury to travel very far to find our buddy, canada is number one. i guess we've entirely gotten over the war of 1812. does anybody even remember wha
for the world economy. up next. the capital one cash rewards card gives you 1% cash back on all purchases plus a 50% annual bonus. and everyone wants... ♪ 50% more doo wop ♪ 50% more buckarooooooooos ♪ 50% more yeeeaaahhhh!!!! ♪ 50% more yeah yeah [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase, plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. ♪ 50% more boogie ♪ what's in your wallet? cashhhhh!!! ♪ what's in your wallet? they're coming. yeah. british. later. sorry. ok...four words... scarecrow in the wind... a baboon... monkey? hot stew saturday!? ronny: hey jimmy, how happy are folks who save hundreds of dollars switching to geico? jimmy: happier than paul revere with a cell phone. ronny: why not? anncr: get happy. get geico. fifteen minutes could save you fifteen percent or more. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention o
. the longest winning streak since 1992. a lot of this is due to signs of an improving economy. yesterday we got a report showing weekly jobless claims fell, and this isn't just the dow. the s&p 500, a much broader index with 500 different stocks instead of 30 in the dow is within two points of its record high. and of course, the fed keeps pumping money into the economy every single month. $85 billion worth of money so there are all of these things lined up to push the dow higher. because of the rally there are a lot more millionaires in this country right now. spectrum group says nearly 400,000 new millionaires were mentioned last year. tally them up and there are 8.9 households with net worth over $1 million. so what's the secret? how did they get there? well, spectrum says these are people who buy stocks, they stayed in the market during the recession when less wealthy investors, people quite frankly in financial turmoil, had to bail out. and remember, warren buffett always says be greedy when ears are fearful and fearful when others are greedy. clearly 400,000 new millionaires minted in the
the recession. now it's beginning to fall as the economy improves. but tuition at four-year colleges is rising. the job market is still struggling, and student loan debt is skyrocketing. >> attending a community college and getting an associate's degree is a more practical decision. >> reporter: so if you're trying to trim your college costs, start at a community college. >> where you went to school matters less and less. what matters more and more is what you take. >> reporter: second, learn a practical in-demand skill like computer science. finally, see if your employer will chip in. >> that was essential to help me finishing my bachelor's. >> reporter: christine romans, cnn, new york. >>> it's a rare saturday in court for two high school football players accused of raining a teenaged girl. our legal guys will dissect some of the damning evidence. the american dream is of a better future, a confident retirement. those dreams have taken a beating lately. but no way we're going to let them die. ♪ ameriprise advisors can help keep your dreams alive like they helped millions of others. by list
our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. it's part of what you slove about her.essing. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or if you have any allergic reactions such as rash, hives, swelling of the lips,
to our economy with every single new home that is built. so with the february numbers coming out this week, and it expected to show about twice as high as what it was at the trough in april of 2009. that's good news. >> how can you tell when the real estate market is just warm or when it's really about to get red-hot? >> well, red-hot i guess i wouldn't describe it right now. we're still about 2 1/2 times lower than we were at the peak in january of 2006. but certainly when you're looking at the s&p case schiller home price index and you see it up 10% year over year, that's a pretty good number. when inventories are relatively lean, that implies there are an awful lot of people that might be competing with you. >> the mfederal reserve meeting this week. what they decide on interest rates trickles down to the rest of us. should we be getting ready for higher interest when we buy a car or house? >> no, i don't think that's going to be a concern. fed already told us it plans on waiting until 2015 and with all of the debt that's coming due, they certainly don't want to refinance that
the recession that follows on as they try and make the economy back on track. this was done because some european countries believed to be the fins and germans and other northern european countries wanted to make sure they were not seen as bailing out rich russian who have accounts in cyprus. or indeed they now felt that people had to pay their part of the pain. but it was not done in ireland. it was not done in portugal. it was not done in greece. and with the prospect of possibility of spain and italy, you can see -- i cannot find, michael and suzanne, i cannot find one economist or banker that i've spoken to today that says this was a good idea. everybody agrees it was a pretty awful policy. >> let's bring in alison. i want you to weigh-in on the conversation here. we're looking at the u.s. markets. looks like it's down by eight points or so. what is the impact do you think in the united states? >> it's actually come back a long way, hasn't it? >> michael, it really has. you saw the knee-jerk reaction right when the bell opened the dow dropped as much as 110 points. obviously it's com
in getting a proper deal done. like you saw, the american economy is the focal point of how we move forward here. >> president obama knows this. i'm just surprised he hasn't done it earlier. there were two deals here. one is each one had to alienate their own base. reagan increased taxes. o'neil cut benefits. both of them took heat. same thing with bill. clinton and newt gingrich didn't like each other much. both of them had to cut benefits, cut spending and newt gingrich agreed to raising taxes and balancing the budget. left a trillion dollar surplus in the bank. barack obama has to stand up to the base. i'm in the base. he's got to stand up and alienate us: and boehner has to do the same thing against the tea party. it won't happen unless both sides are willing to stand up. >> final question, lance armstrong in a similar way for the way they forgave bill clinton. you were part of that forgiveness process, some would argue, for bill clinton. as long as armstrong got that kind of chance, you think? >> a bit of a disclosure. i've had conversations with his attorneys. i think oprah was a good
americans organize to make their voices heard on gun control, the economy and rising income to demand change on these urgent issues? take up the gun control thing. what can the american public, the majority of whom want an assault weapons ban, a universal background check, et cetera. what can they do if their politicians are simply too cowardly to act on their behalf because of the power of the nra? >> people are going to have to let politicians know they are going to be voted out in the next term. if they are not afraid of the electorate they will never do the things they need to do. we have lots of examples of when people do rise up. when people's voices are heard loudly. these politicians are just as frightened and back off. the politicians need to be reminded there are 5 million members of the nra and 303 million americans who are not members of the nra. wayne says there are 100 million americans who own a gun. 200 million don't. we are the majority. >> the majority though is being outgunned, you might say, quite literally by the nra. the minority have the biggest voice in the debate. th
, the economy comes to life. norfolk southern. one line, infinite possibilities. try align. it's the number one ge recommended probiotic c" that helps maintain digestive balance. ♪ stay in the groove with align. ♪ need help keeping your digestive balance in sync? try align. it's a probiotic that fortifies your digestive system with healthy bacteria 24/7. because your insides set the tone. stay in the groove with align. >>> three years ago, the scene after at fukushima nuclear plant in japan. recall the earthquake and tsunami hit the area, waves knocked out cooling systems to reactors leading to meltdowns at three of them. >> that's right, tens of thousands of people evacuated and they still have not been able to return to their homes. last night a power outage hit the same nuclear plant, and now crews are working to restore some of the cooling systems. >> want to bring in chad meyers. help us understand how the cooling systems work and how dangerous this potentially. >> is a closed system, water pumps in and out of a reactor, the core here is not acting at all but talking about the pool
. even on romney's short list for vice president. he's been a leading republican voice on the economy for four decades. >> we need to spur economic growth and create more jobs. >> reporter: now the prominent conservative from ohio will be known for something else, changing his hard-line position against gay marriage, which he revealed to cnn. and the very personal reason behind his reversal. >> i'm announcing today a change of heart. on an issue that a lot of people feel strongly about. and it has to do with gay couples' opportunity to marry. i've come to the conclusion that for me, personally, i think this is something that we should allow people to do, to get married, and to have the joy, and the stability of marriage that i've had for over 26 years. i want all three of my kids to have it, including our son who is gay. >> reporter: that unexpected revelation came from portman's 21-year-old son will two years ago. >> my son came to jane, my wife and i, told us that he was gay. and that it was not a choice. and that, you know, he -- that's just part of who he is and he's been that way
will harm, not help our economy. that's why i'm reaching out to republicans and democrats to come together around a balanced approach, a smart, phased in approach to deficit reduction, that includes smart spending cuts and entitlement reforms and new revenue and that won't hurt our middle class or slow economic growth. and if we do that, then we can move beyond governing from crisis to crisis to crisis and we keep our focus on policies that actually create jobs and grow our economy and move forward to face all the other challenges we face from fixing our broken immigration system, to educating our kids, to keeping them safe from gun violence. and few pieces of business are more important for us than getting our energy future right. so here at argon, and other labs around the country, scientists are working on getting us where we need to get ten years from now, 20 years from now. today, what most americans feel first when it comes to energy prices or energy issues are prices that they pay at the pump. and over the past few weeks, we saw, we went through another spike in gas prices, people a
skidding by in this tough economy. >> keith ellison, thank you very much for coming in. >> thank you. >> democratic congressman from minnesota. >>> up next, a surprise for president obama. what our latest poll shows about his job approval. >>> then, an insider from the bush white house is spilling the beans about the march to war in iraq ten years ago. the former bush speech writer is here live. zap technology. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on his portfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade. >>> if there was ever a second term honeymoon, it looks like it's over. president obama's j
understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. mommy's having a french fry. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle. >>> smoke rose over baghdad today on this the tenth anniversary of the u.s. invasion. there were 17 car bombings and seven roadside bombings in iraq. at least 53 people died. cnn's standing by live in baghdad. we'll get to her in a moment. first a quick look back. ten years ago today, i was in kuwait reporting on the start of the iraq war. the bush administration insisted saddam hussein had weapons of mass destruction. we were told to be prepared for the worst. and we were. we've been given these backpacks with a lot of protective gear. among other things, in case of the worst case s
that it will stay the course, staying the course, of course, means pumping money into the american economy especially concerns about a possible bailout in cyprus flare up. summer won't come soon enough for twinkie lovers. you know who you are. a bankruptcy judge approving hostess' sale to two investment firms and bringing twinkies, ho-hoes and ding dongs back from the dead. the deal said to be worth $410 million. the new owners hope to have twinkies and its snack cake brethren back on your store shelves by summer so you can stop with the locked door in your office and your stash. you'll be able to replenish it soon. and think you can trust labels at the shopping mall? think again. some clothing labeled as being made with fake fur was actually made with real fur. neiman marcus resolve clothing and dr. j.'s dotcom are settling false marketing charges with the federal trade commission. the retailers will not pay any fines but do promise to label all their products correctly going forward or face penalties. imagine if you were going to buy a pair of flats for example, this was a brand-name sli
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